Owning a rental property can be a great source of passive income, but it also comes with added responsibilities. While managing vacation rental properties and annual rental properties can be rewarding, it also seems like a full-time job. Even if you’re a handy person and live close to your property, believing that you can manage everything on your own may not work in all practicality. Many property owners can get overwhelmed with the amount of work it takes to rent out the properties, maintain them and deal with the tenants.
However, hiring a property manager can ease the burden off your shoulders. Are you skeptical of getting one? Here is a list of what Jennette Properties does when you hire us as your property manager:
1. Filter Out Problematic Tenants
Jennette Properties will handle the screening of potential tenants. Our experienced leasing agents have seen hundreds of applications over the years, so their eyes are more likely to notice any signs of red flags while reviewing the tenant’s paperwork. Our years of experience allow them to spot good tenants that pay rent on time, take care of the property, and a lot more.
2. Promote Your Property
Our leasing agents are skilled at rental marketing, including writing ads, taking attractive photos, and much more. They also possess local real estate information and will help you set a competitive and attractive rental price. According to Consumer Housing Trends Report 2019, 84% of tenants use online websites while searching for a place to stay— so it is a good idea to use our website as a resource.
3. Ensure You Receive Rent on Time
Jenette Properties deducts its fees from the monthly rent; hence we are motivated to keep those inflows coming in. Collecting rent consistently is the key to receiving rent payments on time. Trusting a property management company like us will ensure that the lease policies are enforced if the payments aren’t received on time. Our property managers know how to deal with tenants who fail to pay on time or at all and can even issue an eviction notice if required.
4. Prevent Legal Issues
Property management companies understand the landlord/tenant laws and housing laws, which can help you prevent lawsuits and save time and money in the long run. Handling things like evictions, signing and ending leases, handling rent and security deposits can make you feel uncomfortable, and you may need the expertise of a property management company.
5. Reduce Your Costs on Maintenance and Repair
Working with a property management company may provide you with competitive prices on maintenance and repair services from the contacts they have and use regularly. They can perform regular and thorough inspections and find issues before they potentially turn into more significant problems, reducing the number of repair bills.
6. Reduce Tenant Turnover
Experienced leasing agent companies know how to keep the tenants happy. They are available and take care of issues as and when they arise. Happy and satisfied tenants are less likely to look for other places to live in and willingly accept reasonable rent increments.
That’s a rundown of all the advantages you get when you hire Jennette Properties as your leasing agents. If you’re seeking an additional income from rent without having to worry about the nitty-gritty of your investment, you should definitely contact us and get started right away!